Basically what happened is a developer is selling land plots that they are using as collateral towards the loan they took out to develop the urbanizacion. This recent solar was being sold for 1.2million but when I had the attorney checked all of the paperwork, she discovered that the actual owner is the construction company and they owe over 80 million pesos to asociacion cibao.. Basically if they don't pay back that loan the bank can then go and take all of the solares they are selling. She said sometimes the owner can keep their property, but either way it ends up being costly and time consuming for the owner. She actually refused to do the traspaso on this property because she knew it would be a headache for all of us.
P.S: The corredor (guy on a motorcycle who facilitated the meeting between the "representative" of the construction company and I) is demanding 1,500$ pesos for a "for sale" sign he took down because he thought the land was sold.. the whole situation is hilarious to me.
P.S: The corredor (guy on a motorcycle who facilitated the meeting between the "representative" of the construction company and I) is demanding 1,500$ pesos for a "for sale" sign he took down because he thought the land was sold.. the whole situation is hilarious to me.